HomeMy WebLinkAboutCC RESO 2022-107RESOLUTION
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NO. 2022 - 107
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, ADOPTING CITY COUNCIL POLICY #203, "INVESTMENTS," AS
AMENDED FOR FISCAL YEAR 2022
WHEREAS, Council Policy #203, as amended, would replace the title Director of
Finance with Administrative Services Director or designee where it is mentioned throughout
the document, correcting grammar and formatting on section V, subsection A; section VIll,
subsection 1, 4a, 8c, 11 c; section X, subsection A and B; and updating Related Policy
References, Prior Policy Amendments, and Appendix I, Authorized Personnel; and
WHEREAS, the amended policy makes no significant changes to the City of National
City investment goals, authorized investment instruments, or risk management; and
WHEREAS, City staff recommends that the City Council adopt the proposed
amendment to Policy # 203, titled "Investments" for Fiscal Year 2022.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS
FOLLOWS:
Section 1: Adopts City Council Policy #203, titled "Investments" for Fiscal Year
2022.
Section 2: That the City Clerk shall certify the passage and adoption of this
Resolution and enter it into the book of original Resolutions.
PASSED and ADOPTED this 21st day of June
Ale an ra sago --Solis, Mayor
ATTEST:
Cittir
Luz Molina, Cityjerk
APPROVED AS TO FORM:
Charles E. Bell Jr., , Attorney
Passed and adopted by the Council of the City of National City, California, on June 21,
2022, by the following vote, to -wit:
Ayes: Sotela-Solis, Bush, Morrison, Rios, Rodriguez
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SLIS
Mayor of the City of National City, California
LUZ MOLINA
City Clerk of the City of National City, California
BY:
eA/14
Shelley Chapel, 11�M�, Deputy Ci